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  • A study by two United Nations specialist food agencies has concluded that there can be a profitable commercial market for index-based agricultural insurance, with government and donor help needed to create the underlying infrastructure.
  • Two members of Bermudian energy mutual Oil Insurance Limited (OIL) have decided to “withdraw their policies” from January next year.
  • After reporting heavy losses for the last 18 months, Omega has warned that the non-aligned Lloyd's syndicate that it writes the vast majority of its business through is likely to incur a loss for the 2011 year of account
  • London market outsourcing partner hails significant progress in process reform in 2011 after a year of transition
  • Lloyd's declared pre-tax profits for the market of £1,322mn for the first half of 2009, up 39 percent on the previous year.
  • Silence may be golden, but it cost AIG investors yet further pain today with the beleaguered insurer's stock halving in value this morning after the company failed to update the market on its rescue initiatives.
  • The Financial Services Authority (FSA) is yet to break the silence over its assessment of Russian-backed private equity firm Pamplona Capital Management’s plans to build an influential 29.9 percent stake in Lloyd's insurer Chaucer.
  • In the week that MMC had to reveal a 70 percent cut in first quarter earnings, more bad news arrived in the form of a legal action against the broker from Fortune Brands - the former Marsh client who was an apparent victim of bid-rigging.
  • UK regulator the Financial Services Authority (FSA) has confirmed Hector Sants as its new chief executive in an internal appointment.
  • Two industry veterans have formally launched their re-branded reinsurance brokerage, TigerRisk Partners.